Strategy now owns 3% of all Bitcoin in circulation
Strategy, formerly known as MicroStrategy, has strengthened its position as the largest corporate Bitcoin holder after disclosing that it now owns 3% of all BTC currently in circulation.
Led by Michael Saylor, the firm holds 601,550 BTC, which is equivalent to 3% of the 19.89 million BTC that have been mined to date. This means Strategy owns 1 out of every 33 BTC.
With Bitcoin’s total supply capped at 21 million, Strategy would need to acquire around 29,000 more BTC to claim 3% of the maximum supply.
As of its last purchase, the company’s Bitcoin portfolio was built at a cumulative cost of $42.87 billion, averaging $71,268 per coin.
At today’s market value, that stash is worth approximately $71 billion, positioning the firm with an unrealized gain nearing $30 billion.
The post Strategy now owns 3% of all Bitcoin in circulation appeared first on CryptoSlate.
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